February 1, 2006

News & Opinion: The Wal-Mart Effect: Too big to cover in one post

By: Dylan Schleicher @ 7:52 PM – Filed under: Management & Workplace Culture

Wal-Mart keeps getting larger and Charles Fishman's The Wal-Mart Effect keeps getting more press coverage.
Earlier this week, Todd posted an interview with Charles.
Here are a few other tidbits on the book and the company:
1. BusinessWeek's review
In a nutshell, here's what they say:
The Good: An insightful look at the effect, for good and bad, of Wal-Mart's focus on price-cutting.
The Bad: Did author Fishman get Wal-Mart's side? Not personally. Company quotes are all from outside sources.
The Bottom Line: A successful look at how Wal-Mart works and how it is transforming the U.S. economy.

2. A Fast Company blog entry
Charles has been writing for the FC from day one. Here his colleague covered his book saying that,
Wal-Mart is now so large, it has created its own business ecosystem, where Wal-Mart alone sets the tempo, the rules, the economic climate. That ecosystem, Fishman explains, literally allows Wal-Mart to stand outside the very market forces which we rely on to modulate and regulate all companies. Wal-Mart is so dominant, it can reshape even the rules of market capitalism.

So if Wal-Mart can reshape the rules, are they a good or bad force? Also, check out the 37 comments (as of posting time) on the entry.
3. Wired magazine said:
Backed by balanced reporting, Fishman asserts that Wal-Mart's "always low prices" have a far-reaching effect on every world citizen--even those who have never set foot inside a store. Economic globalization is a loaded topic but thankfully this isn't another creed against free markets.

What are your thoughts on Wal-Mart -- its policies, structure and commitment to low prices?

About Dylan Schleicher

Dylan Schleicher has been a part of the 800-CEO-READ claque since 2003. Even though he's stayed on at the company, he has not stayed put. After beginning in shipping & receiving, he joined customer service and accounting before moving into his current, highly elliptical orbit of duties overseeing the ChangeThis and In the Books websites, the company's annual review of books and in-house design. He lives with his wife and two children in the Washington Heights neighborhood on Milwaukee's West Side.